So what’s your point? For every 1 blog out there that is pro-housing bubble, there were EASILY 10-15 news or other media outlets raving about how home prices will continue to rise. Maybe some of us do have a bit of a sour grapes attitude. I think that many of us are just using common sense when looking at what’s going on in the housing market.
I personally wanted to buy years ago, but held out for something better. How was I to know that the market would skyrocket to proportions never seen before? It seemed that every month there was another 25% increase in housing prices. Part of me said to jump on the escalator. The other part said hold on a second, there’s something not right here. If you had told me then that the skyrocketing would last for almost 10 years, I would have jumped on the escalator.
The escalator is slowly moving in the other direction now. And you, along with millions of others, are in a similar (but opposite) position as we were when the bubble was building. I would answer your question with more questions: why do you seem to have a sour grapes attitude now that the situation is reversing? If you do not like the general disposition of this forum, why take the time and post here after you first visited it 2 years ago? Why not just glance at the forum topics, shake your head in disapproval, and move on?
I posit that you find yourself on the backside of a slippery slope that is falling home prices. Part of you wants to get off and sell. The other part says to stay the course, that there will be a soft landing. The problem is that there will be no soft landing and prices will decline significantly. You sound like a mirror image of me 10 years ago. I’ll be Doc Holiday and you can be Johnny Ringo.
